“itemised sale”

M/S. BANK OF AMERICAN , N.A,MUMBAI vs. THE JT DIT (I.T)3, MUMBAI

In the result, the appeal by the assessee is partly allowed

same.\nGround No. 2\nThe learned CIT(A) erred in considering the sale of its Retail business as slump\nsale as against an itemised sale, as evidenced in the sale agreement.”\n31.\nGround No. 1, raised in the assessee's appeal, pertains to the\ndisallowance of expenditure claimed ... thereto, it was\nsubmitted that the transfer of the business as a going concern would not\nimpact the characterisation of the concern as an itemised sale or a Slump\nSale, as the same is dependent on the manner in which the constituent of the\nassets transferred is determined.\n54.\nHaving

THE DY DIT (I.T) 1(1), MUMBAI vs. M/S. BANK OF AMERICA N.A., MUMBAI

In the result, the appeal by the assessee is partly allowed

same.\nGround No. 2\nThe learned CIT(A) erred in considering the sale of its Retail business as slump\nsale as against an itemised sale, as evidenced in the sale agreement.\"\n31.\nGround No. 1, raised in the assessee's appeal, pertains to the\ndisallowance of expenditure claimed ... thereto, it was\nsubmitted that the transfer of the business as a going concern would not\nimpact the characterisation of the concern as an itemised sale or a Slump\nSale, as the same is dependent on the manner in which the constituent of the\nassets transferred is determined.\n54.\nHaving

M/S. NICHOLAS PIRAMAL INDIA LTD,MUMBAI vs. THE ACIT CUR 7(1),

In the result, the appeal filed by the revenue is dismissed and the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Pavan Kumar Gadale & Shri S Rifaur Rahmanpiramal Enterprises Ltd Vs. Acit, Circle – 7(1) (Formerly Known As Aayakar Bhavan Piramal Healthcare Ltd) Mumbai – 400020. (Before Known As Nicholas Piramal Ind) Piramal Tower, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013. Pan/Gir No. : Aaacn4538P Appellant .. Respondent Dcit, Circle – 7(1) Vs. Piramal Enterprises Ltd Aayakar Bhyavan (Formerly Known As Mumbai – 400 020. Piramal Healthcare Ltd) (Before Known As Nicholas Piramal Ind) Piramal Tower, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400 013. Pan/Gir No. : Aaacn4538P Assessee By : Mr.Ronak Doshi & Ms.Manshi Padhiyar.Ar Revenue By : Mr.S.N.Kabra.Dr

hereinabove, the A.O declined to accept the claim of the assessee that it was a „slump sale‟ transaction and considered the same as an itemised sale of assets. On the basis of his aforesaid observations, the A.O worked out the WDV of the „block of assets‟ by taking the values